Funded

Total loan: $1,500
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Ara

Armenia
Kapan, Syunik region, Armenia / Fruits & Vegetables

A loan of $1,500 helped to pay for fruits and vegetables for reselling.


Ara's story

Ara lives in Kapan town with his pensioner mother. For many years, Ara has been involved in retail business. He owns a small truck by which he goes to different places and sells fruits and vegetables. He purchases stock of products from the local city market and resells in nearby towns. Ara is the only breadwinner for the family, and he works really hard to cover daily needs. By applying for this loan, Ara wants to purchase new stock of fruits and vegetables and increase his sales.

Ara has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF international. The start-up loan program provides business start-up loans with soft conditions to informal businesses that do not have access to credit products. The loan is very important for Ara to be able to enlarge his retail business and ensure a better life for his mother.



Loan details

Loan length:

26 months
Disbursed date: September 25, 2013
Facilitated by Field Partner: SEF International

Lenders and lending teams




Loan details

Loan length:

26 months
Disbursed date: September 25, 2013
Facilitated by Field Partner: SEF International